Five County Mortgage Rates, Fees & Info
Bath, MELEI: 5493001LCNCF6Z3ZQ632
Tax ID: 01-0261795
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Mortgage Data
Review & Overview
Five County is a smaller mortgage company specializing in Cash Out Refi, Home Purchase, and Refi loans. Five County has a high proportion of conventional loans. Five County has an average proportion of conventional loans. Their top markets by origination volume include: Portland, Lewiston, Augusta, and Bangor among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Five County has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Five County is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.50% | 11/21/24 |
| 30 Year Conventional Refi | 6.59% | 11/21/24 |
| 30 Year Cash-out Refi | 6.85% | 11/21/24 |
| 15 Year Conventional Purchase | 6.48% | 11/21/24 |
| 15 Year Conventional Refi | 7.31% | 11/21/24 |
| 15 Year Cash-out Refi | 7.31% | 11/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Five County Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
111Origination Dollar Volume (All Markets)
$22,475,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 52 | $10,390,000 | $199,808 | $3,456 | 3.06% |
| Outside of Metro Areas | 24 | $5,170,000 | $215,417 | $3,684 | 3.13% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 17 | $3,655,000 | $215,000 | $3,098 | 2.93% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 17 | $2,845,000 | $167,353 | $3,358 | 2.94% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,305 | 3.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against FIVE COUNTY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 107 | $19,775,000 | $184,813 | $3,433 | 3.04% |
| Conventional | 4 | $2,700,000 | $675,000 | $0 | 0.00% |
For 2021, Five County's most frequently originated type of loan was Conventional, with 107 originations. Their 2nd most popular type was Conventional, with 4 originations.
Loan Reason
For 2021, Five County's most frequently cited loan purpose was Cash Out Refi, with 40 originations. The 2nd most popular reason was Home Purchase, with 36 originations.
Loan Duration/Length
For 2021, Five County's most frequently cited loan duration was 30 Year, with 64 originations. The 2nd most popular length was 15 Year, with 29 originations.
Origination Fees/Closing Costs
Five County's average total fees were $3,464, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 50 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 49 | $10,615,000 | $216,633 |
| 2.5-3% | 29 | $5,265,000 | $181,552 |
| <2.5% | 26 | $3,490,000 | $134,231 |
| 4-5% | 2 | $320,000 | $160,000 |
| 5-6% | 1 | $85,000 | $85,000 |
During 2021, Five County's average interest rate for loans was 3.31%, while their most frequently originated rate bucket for loans was 3-4%, with 49 originations.
Loan Sizing
2021 saw Five County place emphasis on $100k-200k loans with 53 originations, totaling $8,035,000 in origination value.
Applicant Income
Five County lent most frequently to those with incomes in the $50k-75k range, with 40 originations. The second most popular income band? $50k or less, with 24 originations.
Applicant Debt to Income Ratio
Five County lent most frequently to those with DTI ratios of 20-30%, with 27 originations. The next most common DTI ratio? 30-36%, with 21 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.72%
Five County has an average approval rate.
Pick Rate
Approvals leading to origination90.99%
Five County has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 4 | $2,700,000 | $675,000 |
| NA | 107 | $19,775,000 | $184,813 |